FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report
March 14, 1995
FIRST REPUBLIC BANCORP INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-15882 94-2964497
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
388 Market Street
San Francisco, CA 94111
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(Address of principal executive office) (Zip Code)
(415) 392-1400
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(Registrant's telephone number, including area code)
Not applicable
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(Former name, former address, if changed since last report)
<PAGE>
Item 5. Other Events
First Republic Bancorp Inc. hereby files with the Securities and Exchange
Commission (the "Commission") its press release, dated March 14, 1995,
regarding an increase in the number of shares of common stock authorized for
repurchase by the Company, as distributed on on March 14, 1995.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
First Republic Bancorp Inc.
(Registrant)
Date: March 14, 1995 --------------------------------------
Willis H. Newton, Jr.
Senior Vice President and
Chief Financial Officer
<PAGE>
FOR IMMEDIATE RELEASE
FIRST REPUBLIC BANCORP INC. ANNOUNCES ADDITIONAL
INCREASE OF STOCK REPURCHASE PROGRAM
Common stock symbol - FRC
New York/Pacific Exchanges
San Francisco, California, March 14, 1995 - First Republic Bancorp Inc.
announced today that its Board of Directors has increased, by up to an
additional 250,000 shares, the number of shares authorized for repurchase from
time to time, either in open-market transactions or in block purchases.
The Company initiated a stock repurchase program in June 1993 with the
authorization of up to 206,000 shares of common stock and, having completed
this initial repurchase amount, in October 1994 authorized the repurchase of up
to an additional 200,000 shares. Recent purchases have brought the total
shares repurchased to date to an aggregate of 406,000 shares.
James H. Herbert, II, President of First Republic Bancorp Inc., stated that
the Board of Directors increased the Company's stock repurchase program whereby
the Company may purchase up to an additional 250,000 shares of its common
stock. The Board of Directors also authorized the stock repurchase program to
include, as an alternative and as part of the stock purchase program, that the
Company may purchase some of its outstanding 7-1/4% Convertible Subordinated
Debentures due 2002, thereby reducing the number of shares of common stock that
could be issued upon the conversion of such debentures.
First Republic currently has 7,399,938 shares of common stock outstanding.
First Republic Bancorp Inc. functions as a direct lender as well as a
mortgage banker through two FDIC-insured, California and Nevada-chartered
industrial bank subsidiaries. First Republic Thrift & Loan provides both loan
and deposit services from eight locations in the San Francisco, Los Angeles,
Beverly Hills, and San Diego areas. First Republic Savings Bank provides both
loan and deposit services from its office located in Las Vegas, Nevada.
For further information call:
Willis H. Newton, Jr.
Senior Vice President and
Chief Financial Officer
388 Market Street
San Francisco, CA 94111
(415)392-1400
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